(Adopted November 2016)
Section 1 – Name, Objects and Premises
Name of Club
(a) The name of the Club shall be “The Starcross Yacht Club” (hereinafter referred to in these Rules as “the Club”)
(b) The Club's premises are at the Club House Powderham Point Starcross where all meetings shall be held unless otherwise arranged
(i) The Club Burgee shall be a blue St.George's cross with a yellow five point star at its centre on a white background
(ii) It shall not be worn by any vessel licensed for hire
Object of Club
The object for which the Club is formed is to promote and encourage all branches of amateur sailing and also to provide social and other facilities for Members as may be from time to time determined.
Section 2 – Officers
Officers of the Club
(a) The Officers of the Club (“the Officers”) shall be selected from Individual Members, Family Members, Senior Members or Student Members (over the age of 18) of the Club.
(b) The Officers shall consist of a President, one or more Vice Presidents, a Commodore, a Vice Commodore, a maximum of two Rear Commodores and a Flag Captain (the Commodore, Vice Commodore, Rear Commodores and Flag Captain being together called “the Flag Officers”), an Honorary Secretary (“the Secretary”), and an Honorary Treasurer (“the Treasurer”).
(c) In addition to the Officers, there shall be one or more Special Duty Officers (“the Special Duty Officers”) appointed by election as necessary to perform specific functions relating to Membership, Berthing, Maintenance and Training etc.
(d) The Officers and the Special Duty Officers shall all sit on the General Committee and all such Officers (other than Vice Presidents) shall be elected at the Annual General Meeting (“the AGM”), in each year and shall commence office on 1 January next following that AGM and shall hold office for one year. All shall be eligible for re-election subject to the Commodore, Vice Commodore and Rear Commodore not holding the same office for more than three consecutive years (unless specially recommended by the General Committee).
(e) The General Committee may appoint such additional Special Duty Officers as it thinks fit.
(f) The criteria for appointing Vice Presidents (of which there shall be a maximum of 8) shall be as follows:
- Many years of active service given to the Club and at least two times three year period on a Committee of the Club.
- Still actively involved in the Club.
- Proposed by any member, approved by the General Committee and confirmed at the AGM.
- The Vice Presidents to be elected for a three year term but may be re-elected after that term as many times as may be desired.
- A maximum of two of the allocation of Vice Presidents may be “eminent” people who may attract prestige to the Club.
(g) The President may be elected from any of the Vice Presidents for a three year term but may be re-elected after such periods if appropriate.
(h) The President and Vice Presidents once first elected shall be Honorary Members.
(i) The spouse of current, former and deceased Presidents and Vice Presidents shall be entitled to be Honorary Members as of right.
(j) The following distinguishing flags may be worn by the following Officers:
(i) Commodore – A broad (or swallow tailed) pennant bearing the device of the Club.
(ii) Vice-Commodore – A similar pennant with the addition of one blue ball in the canton next to the hoist
(iii) Rear Commodore – A similar pennant with two blue balls in the cantons next to the hoist
(iv) Flag Captain – shall be entitled to fly a pennant similar to the Rear Commodore
Duties of Secretary
The Secretary shall:
(a) Hold a register of Club Members' names and addresses, to be maintained by the Membership Secretary.
(b) Conduct the correspondence of the Club;
(c) Keep custody of all Club documents;
(d) Keep full minutes of all meetings of the General Committee which shall be confirmed and signed by the Chairman upon the agreement of the Members present and voting at the next meeting.
(e) Administer such insurance policy or policies as may be needed fully to protect the interests of the Club, its Officers and its Members
(f) Maintain contact with the Club's Legal Adviser to ensure that the Club's affairs are managed in accordance with current law.
(g) Post a copy of each General Committee's Minutes on the Club Notice Board
Duties of Treasurer
The Treasurer shall:
(a) Cause such books of account to be kept as are necessary to give a true and fair view of the state of the finances of the Club.
(b) Cause all returns as may be required by law in relation to such accounts to be rendered at the due time.
(c) Prepare an Annual Balance Sheet as at 31st July in each year and cause such Balance Sheet (and accounts as necessary) to be reviewed at least once annually and shall thereafter cause the same to be distributed to all Members at least 14 days prior to the AGM.
(d) Submit to each meeting of the General Committee a Statement setting out all the payments made since the previous meeting together with details of all bank account balances/funds held by the Club.
Review of Accounts
The person selected shall:
(a) be appointed at the AGM in each year and shall be suitably qualified;
(b) review the accounts of the Club when called upon to do so and shall give such certificate of assurance as to the accuracy of the said accounts as shall be required by law or by the General Committee;
(c)if either unwilling or unable to act, inform the General Committee who shall appoint a substitute to hold office until the termination of the next AGM.
Section 3 – Membership and Members' Rights
Categories, Rights and Votes of Membership
There shall be the following categories of membership. All categories of membership will be entitled, unless otherwise indicated, to:
- a single vote at meetings of the Club,
- apply for berths/moorings,
- full use of the Club facilities
[Note: The number of Members with no voting rights shall not exceed 20% of the total membership.]
Being a person who is over the age of eighteen on April 1st of the subscription year.
Being a family unit consisting of any combination of adult and partner, and all dependents under the age of 21 on April 1st of the subscription year.
Being a person who is in full-time education and between the ages of 16 and 25 on April 1st of the subscription year and who is not included within a family membership.
(Non-sailing or Out of Port)
Being either (i) a person who wishes to belong to the club and who would not normally sail, or (ii) a person who has been a member of the Club for at least 5 years and has a main residence not less than 90 miles from the club.
An Associate Member has no vote in club meetings and no entitlement to apply for a berth or mooring.
In recognition of their ongoing contribution to the running of the Club, the General Committee may propose that certain Associate Members be given voting rights and eligibility to serve on Committees. These individuals will be known as Voting Associate Members. Such arrangements will be confirmed at the AGM on an annual basis.
Being a Member of the Club who is over 65 years on April 1st of the subscription year and has been a Club Member for at least 10 years. Senior Membership shall include the partner of such a member and any dependent under the age of 21 (as for a family membership).
Being a person over the age of 16 who is entitled to full use of the Club Facilities for the period from October to March inclusive. This membership category includes the use of a winter berth (subject to availability) and the privilege of bringing a crew from outside the club.
[Note: Winter Members have no vote at club meetings.]
Being a person who shall be nominated and elected in the manner described in Rule 24(vi). Honorary membership shall only apply to the member to whom it was granted, and may include their spouse/partner and any dependent under the age of 21 at the discretion of the General Committee.
Group Membership provides club membership to affiliated organisations. Members in Group membership shall not enjoy voting rights unless elected a Member of any Committee, but the Group shall enjoy one vote, through a duly appointed representative whose name shall be notified to the Chairman of the Meeting.
The membership subscription and conditions of membership for affiliated organisations will be agreed by the General Committee on an individual basis.
Membership Entrance & Subscription
The rate of the Joining Fee and Membership Subscription fees for each category of membership shall be proposed by the General Committee to the Members at the AGM in each year. Any proposed changes shall be approved by a majority of those present and entitled to vote and shall become operative on the first day of March in the year following. The current rates of entrance and subscription fees will be posted on the SYC website.
The subscription year shall run from 1st March to the last day of February. The subscription fee for a new Member joining after 31st May shall be pro-rata the annual fees calculated on a monthly basis. There shall be no refunds of subscriptions except at the discretion of the General Committee.
Memberships will be treated as lapsed if the renewal fees are not received by 15th March annually. Lapsed members will be required to pay the relevant entrance fee to re-join the club.
A late payment fee shall be paid if the renewal fees are not received by 7th March annually. Members shall pay the Joining fee (if applicable) with their first annual subscription upon election to the Club.
The General Committee may waive the fee for:
- Any person in Group Membership wishing to become a Member of the Club if the applicant has been an active Member of the Club for a reasonable time,
- Any person in Family Membership wishing to become a Member in their own right.
- Any fully paid up Member of Topsham Sailing Club, Lympstone Sailing Club, Exe Sailing Club or Starcross Fishing and Cruising Club.
Members shall also make an annual payment for the use of berthing, mooring and other club facilities. The facility fees include
- A dinghy berthing fee which shall entitle a Member to a space (provided that one has been allocated) in the Club's boat park. For berths allocated after 31st May the fees shall be pro rata calculated on a monthly basis.
- Fees for rack storage of boats and other equipment.
- Winter parking fee for cruisers.
- Road trailer or boat cradle storage fee.
Member's duty to provide an up-to-date address
Every Member shall furnish the Membership Secretary with an up-to-date address which the Membership Secretary shall record in the Register of Members and any notice sent to such an address shall be deemed to have been duly delivered.
Election and Retirement of Members
Candidates for Membership
Membership of the Club shall be open to all persons irrespective of ethnicity, nationality, sexual orientation, religion or belief; or of age, sex or disability except as a necessary consequence of the requirements of sailing as a particular sport.
Every candidate for Membership (except Honorary Members) shall be proposed and seconded by an Individual, Senior or Family Member of the Club, both of whom must be personally acquainted with the candidate.
Application for Membership
An application for Membership shall be in the form from time to time prescribed by the General Committee, and shall include the name, address and occupation of the candidate, and the signatures of the proposer and seconder.
Election of Members
Upon receipt of an application for Membership together with the entrance fee and first subscription the Membership Secretary shall enter such application in the Register of Members and shall cause the application form to be prominently displayed in the Club premises and if after seven days, the Membership Secretary has not received any objection in writing to the election of the proposed Member, he or she may be considered a Temporary Member until such time as the General Committee have considered the application. The application shall be accepted if approved by a simple majority of the General Committee Members present and voting at the relevant meeting of the General Committee. The Membership Secretary shall then send written notification of Membership with a copy of these Rules and the Bye-laws and Regulations to the new Member or return the remittance of the unsuccessful applicant. Candidates for Membership shall have no privileges whatsoever in relation to the use of the Club or premises.
The General Committee may refuse membership or expel from membership only for good and sufficient cause such as conduct or character like to bring the Club or sport into disrepute. Appeal against such decision may be made in accordance with Rule 16.
Retirement of a Member
A Member desirous of retiring from Membership shall give notice in writing to the Membership Secretary before the last day of February and shall not then be liable to pay the subscription for the following year. Upon re-application by a past Member the General Committee may, at its discretion, excuse payment of an Entrance Fee
Arrears of Subscription
The Membership Secretary shall provide the Secretary with a list of those Members whose subscriptions are unpaid by the 15th March and the Membership Secretary shall forthwith communicate with all such Members drawing their attention to the Rules. Members whose subscriptions remain unpaid shall forfeit their Membership and shall be so informed.
Exceptional cases will be considered by the General Committee.
Undertaking by Members to Comply with Rules
(a) Every Member, upon election and thereafter, is deemed to have notice of, and impliedly undertakes to comply with, the Club Rules and the current Byelaws and Regulations of the Club. Any refusal or neglect to do so, or any conduct which, in the opinion of the General Committee, is either unworthy of a Member or otherwise injurious to the interests of the Club, shall render a Member liable to expulsion by a resolution of the General Committee PROVIDED THAT, before the expulsion of a Member, the General Committee shall call upon such a Member for a written explanation of the Member's conduct and shall give the Member full opportunity of making explanation to the General Committee , or of resigning.
(b) A Resolution to expel a Member shall be carried by not less than 75% of those Members of the General Committee present and voting on the resolution.
(c) If the Resolution is passed as in (b) above, the Member shall resign within fourteen days from the date of the letter containing this request from the Secretary. Should he not resign, the Secretary is empowered to remove his name from the Register of Members. The Member so expelled shall forfeit any right to and claim upon the Club, its property and its funds, including any portion of the current years subscription.
Complaints of any nature relating to the management of the Club or premises shall be addressed in writing to the Secretary. Under no circumstances shall a servant of the Club be personally reprimanded by a Member.
Power to expel Temporary Members
The Secretary or any other who has received the authority of two Members of the General Committee, may expel, temporarily or permanently, any Temporary Member
Limitation of Club Liability
Members, their guests and visitors are bound by the following rule which shall also be exhibited in a prominent place within the Club premises:
Members of the Club, their guests or visitors may use the Club premises, and any other facilities of the Club, entirely at their own risk and impliedly accept:
(a) The Club will not accept any liability for any damage to or loss of property belonging to Members, their guests or visitors to the Club.
(b) The Club will not accept any liability for personal injury arising out of the use of the Club premises, and any other facilities of the Club either sustained by Members, their guests or visitors or caused by the said members, guests or visitors whether or not such damage or injury could have been attributed to or was occasioned by the neglect default or negligence of any of them, the Officers, Committee or servants of the Club.
(c) Before inviting any guests or visitors onto the premises or to participate in events organised by the Club, Members will draw their attention to this rule.
Section 4 – Committees
The standing Committees shall be:
(a) General Committee
(b) Sailing Committee
(c) Cruiser Committee
(d) Galley Committee
(e) Junior Section Committee
(f) House Committee
(g) Investment Committee
Composition of Committees
(i) GENERAL COMMITTEE – The Officers, the Special Duty Officers, the Secretary, the Treasurer, Secretaries of all other Committees, and six elected Members and such Trustees as wish to attend. All the above have full voting rights, except for Trustees.
(ii) SAILING COMMITTEE – The Flag Officers, Sailing Secretary, six elected Members and the class captains.
(iii) CRUISER COMMITTEE – The Flag Officers, Cruiser Secretary, Bosun Afloat, six elected Members and any Special Duty Officers that wish to attend.
(iv) GALLEY COMMITTEE – The Rear Commodore and eight elected Members.
(v) JUNIOR SECTION COMMITTEE – The Flag Officers and six elected Members, including Chair and Secretary.
(vi) HOUSE COMMITTEE – The Chair of the House Committee, the Secretary and such other Officers, Special Duty Officers and Members of the General and Galley Committee as shall be co-opted by the Chair onto the House Committee
(vii) INVESTMENT COMMITTEE – the Treasurer, two Trustees of the Club and a professional financial adviser appointed by the Treasurer.
(viii) SUCH OTHER COMMITTEES as may be from time to time required.
Candidates for election to committees
(i) All Members of the Committees (other than the House Committee and Investment Committee) shall be elected at the AGM each year to hold office for one year from the 1st January next succeeding the AGM. Candidates for election to any Committee (not being Officers of the Club) shall be existing members of the relevant Committee or such other Individual, Senior or Family Members whose nominations (duly proposed and seconded in writing by Individual, Senior or Family Members of the Club) with their consent shall have been received by the Secretary at least 7 days before the AGM on the form provided.
(ii) If the number of candidates for election is equal to or less than the number of vacancies to be filled, then all candidates shall be deemed to be elected if two thirds of those present at the AGM and entitled to vote, vote in favour of such election.
(iii) If the number of candidates for election is more than the number of vacancies to be filled, then voting shall be by ballot.
(iv) Members of the General, Sailing, Cruiser, Galley and Junior Section Committees shall go out of office in every year, but shall be eligible for re-election.
(v) Members of the House and Investment Committees will be appointed by the General Committee within 28 days of the AGM to hold office for one year from 1st January next succeeding the AGM.
Powers of all Committees
(i) The financial affairs of all Committees shall be carried out in an accountable, transparent and businesslike manner to the satisfaction of the Treasurer and the General Committee.
(ii) All Committees have the power to co-opt if a casual vacancy shall occur, to fill such a vacancy until the next AGM, but in the case of Committees other than the General Committee, such co-opted Members shall be subject to the approval of the General Committee. Co-opted Members shall have full voting rights on the Committees to which they are appointed.
(iii) Any Committee Member in transacting business for the Club shall disclose to third parties that he is so acting.
(iv) Any Committee, or person delegated by a committee to act as an agent for the Club or its Members, shall enter into contracts only so far as expressly authorised by the Members. No one shall, without the express authority of the Membership in General Meeting, pledge the credit of the Membership.
(v) In pursuance of the authority vested in a Committee by Members of the Club, Members of the Committees are entitled to be indemnified by the Members of the Club against any liabilities properly incurred by them or any one of them on behalf of the Club wherever the contract is of a duly authorised nature or could be assumed to be of a duly authorised nature and entered into on behalf of the Club. The limit of an individual Member's indemnity in this respect shall be a sum equal to one years subscription at the then current rate for that category of Membership.
(vi) Five Members entitled to vote and personally present shall form a quorum at any Committee Meeting (apart from the Investment Committee where two such Members shall form a quorum)
(vii) Voting (except in the case of a resolution relating to the expulsion of a Member) shall be by show of hands. In the case of an equality of votes the Chairman shall have a second casting vote.
(viii) The Senior Flag Officer present shall, if he so wishes, preside at any Committee Meeting (if he does not so wish, or in his absence, the Members present shall elect a Chairman)
(ix) Trustees shall be entitled to attend such committees as they wish but shall have no vote.
Powers of General Committee
(i) The General Committee may appoint from time to time such Sub-Committees as they deem necessary and may delegate or refer to such Sub-Committees such of the powers and duties of the Committee as may be thought fit.
(ii) It shall have full power and authority to enforce these Rules and any Byelaws or Regulations it may make. It shall be responsible for the finances of the Club and all other affairs which are not the responsibility of other Committees.
(iii) It shall have the power, with the consent of the General Meeting, to raise money by loan or otherwise on such terms and conditions as the Members in such meeting shall authorise.
(iv) It shall have the power to make such Byelaws and Regulations (not inconsistent with these Rules as it may consider necessary for the better running of the Club. Such Byelaws and Regulations shall be posted on the Club noticeboard and be binding until rescinded by the General Committee or any General Meeting.
(v) It will have the power to appoint an Assistant Secretary and one or more Special Duty Officers.
(vi) It may nominate for election at an AGM such Honorary Members as the General Committee may think fit (being Members who have rendered signal services to the Club or obtained a high degree of eminence in yachting circles). The election of Honorary Members shall be put to the vote at the AGM and such Honorary Members shall be duly elected if two thirds of those present, and entitled to vote, vote in favour of election. (Honorary Membership is for the Member's life).
The Sailing Committee
The Sailing Committee is responsible for the efficient running of all matters relating to sailing activities within the jurisdiction of the Club. It shall hold and keep records of all Club trophies and other prizes, and determine and organise the presentation of prizes. A copy of the Minutes of each Sailing Committee Meeting shall be posted on the Club notice board.
The Cruiser Committee
The Cruiser Committee shall be responsible for the efficient running of all activities relating to cruisers, control of the moorings and identification thereof.
The Galley Committee
Rule 27 (i).
The Galley Committee shall be responsible for the efficient running of all matters relating to catering on the Club premises.
The Social Committee
Rule 27 (ii).
The Social Committee shall be responsible for the efficient running of all activities relating to social events organised on behalf of the Club.
The Junior Section Committee
The Junior Section Committee shall be responsible for the efficient running of the Junior Section of the Club.
The House Committee
Purchase and Supply of Excisable Goods
(i) The purchase for the Club of excisable goods and the supply of the same upon Club premises shall be exclusively and solely under the control of the House Committee, or other special sub-committee appointed by the General Committee. Intoxicating liquor may only be sold for consumption on the Club premises to persons over the age of eighteen who are entitled to the use of the Club premises in pursuance of the Rules, Byelaws and Regulations for the time being in force. No Member under the age of eighteen may purchase or attempt to purchase intoxicating liquor within the Club premises nor may a Member under the age of sixteen purchase or attempt to purchase tobacco or cigarettes within the Club premises.
(ii) Subject to the requirements of the licensing authorities, the House Committee shall cause the Club bar to to be opened at convenient times (and such times shall be prominently exhibited in the Club premises) for the sale of excisable goods to persons who are entitled to the use of the premises of the Club in pursuance of these Rules (except under age Members as stated above) provided that visitors names and addresses and the name of their introducer shall have been entered in the Visitors book upon entry to Club premises.
(iii) No person shall take a commission, percentage or other such payment in connection with the purchase of excisable goods for the Club. Any profit deriving from the sale of such goods shall (after deduction of the costs of providing such goods for the benefit of the Club) be allocated to Club Funds.
(iv) Proper accounts of all purchases and receipts shall be kept and presented at the AGM in each year and such information as the Secretary or the Reviewer of Accounts may require shall be furnished to enable any statutory return or statement and the payment of excise or other duty or tax to be made.
The Investment Committee
(i) The Investment Committee shall be responsible for the management of the property redemption and sea wall fund (see section 8).
(ii) It shall submit a Financial Statement annually to the Treasurer for presentation at the AGM.
Section 5 – Trustees
Number of and Terms of Reference
There shall be at least three Trustees of the Club who shall be appointed from time to time as necessary by the General Committee of the Club from among Individual, Senior, Family or Honorary Members who are willing to be so appointed. A Trustee shall hold office during his lifetime or until he/she shall resign, by notice in writing given to the General Committee, or until a resolution removing him/her from office shall be passed at a meeting of the General Committee by a majority comprising two-thirds of the Members present and entitled to vote.
Property of the Club Vested in Trustees
All property of the Club, including land and investments shall be held by the Trustees for the time being, in their own names so far as it is necessary and practicable, on trust for the use and benefit of the Club. On the death, resignation or removal from office of a Trustee, the General Committee shall nominate a new Trustee in his place, and shall as soon as possible thereafter take all lawful and practicable steps to procure the vesting of all Club property into the names of the Trustees as constituted after such nomination. For the purpose of giving effect to any such nomination, the Secretary for the time being is hereby nominated as the person to appoint new Trustees of the Club within the meaning of Section 36 of the Trustee Act 1925 and he/she shall by Deed duly appoint the person or persons so nominated by the General Committee.
Powers of Trustees
The Trustees shall in all respects act, in regard to any property of the Club held by them, in accordance with the directions of the General Committee, and shall have power to sell, lease, mortgage or pledge any Club property so held for the purpose of raising or borrowing money for the benefit of the Club in compliance with the General Committee's directions (which shall be duly recorded in the Minutes of the proceedings of the General Committee) but no purchaser, lessee or mortgagee shall be concerned to enquire whether any such direction has been given.
Indemnity of Trustees from the Club Funds
The Trustees shall be effectually indemnified by the General Committee out of the assets of the Club from and against any liability costs, expenses and payments whatsoever which may be properly incurred or made by them in the exercise of their duties or in relation to any property of the Club vested in them, or in relation to any legal proceedings, or which otherwise relate directly or indirectly to the performance of the functions of a Trustee of the Club.
Section 6 – Meetings of the Club
Annual General Meeting
An AGM of the Club shall be held each year in the month of November on a date to be fixed by the General Committee. The Secretary shall at least fourteen days before the date of such meeting of any General Meeting as hereinafter mentioned post or deliver to each Member notice thereof and of the business to be brought forward thereat.
Business at the General Meeting
No business, except the passing of the accounts and the election of the Officers, Members of Committees, Trustees and the Reviewer of Accounts and any business that the Committee may order to be inserted in the notice convening the meeting shall be discussed at such meeting unless notice thereof be given in writing by a Member entitled to vote to the Secretary at least twenty-one days before the date of the AGM. (Time permitting, the chairman may permit other business to be discussed under “Any Other Business”).
Special General Meeting
The General Committee may at any time, upon giving twenty one days notice in writing, call a Special General Meeting of the Club for any special business, the nature of which shall be stated in the summons convening the meeting, and the discussion at such meeting shall be confined to the business stated in the notice sent to Members.
General Meeting upon Request of Members
The General Committee shall similarly call a Special General Meeting upon written request addressed to the Secretary by the Commodore or at least 6 Members. The discussion at such a meeting shall be confined to the business stated in the notice sent to Members.
Chairman of General Meetings
At every General Meeting the President, or failing him, a Vice President or any other suitable qualified person invited by the General Committee shall take the Chair.
Quorum at Meetings / Entitlement to Vote at Meetings / Equality of Votes
Twenty members entitled to vote and personally present shall form a quorum at any General Meeting.
Individual, Senior, Family, Student, Honorary and Group Members' representatives shall vote at any meeting of the Club. Other Members may attend but are not entitled to vote.
Voting, except upon the election of Committee Members when there is an excess of applicants (See Rule 22(iii)) shall be by show of hands.
In the case of an equality of votes, the Chairman shall have a second and casting vote, on any matter other than the election of Members to the General Committee
On any resolution properly put to a meeting of the Club relating to the creation, repeal or amendment of any Rule of the Club such Rule, shall not be created, repealed or amended except by a majority vote of at least two-thirds of those present and entitled to vote.
Section 7 – Dissolution of the Club
If, upon the winding up or dissolution of the Club, there remains after the satisfaction of all its debts and liabilities any property whatsoever, the same shall not be paid to or distributed amongst the Members of the Club but shall be given or transferred to
(a) a recognised charitable organisation(s) having objects similar to the Club;
(b) another Club with similar sports purposes which is a registered Community Amateur Sports Club;
(c) and/or the Club's national governing body for use by them for related community sports.
Such organisation or Club to be determined by Members of the Club by Resolution passed at a General Meeting at or before the time of dissolution.
Section 8 – Property Redemption and Sea Wall Fund (the Fund)
(i) The Fund has been established for the purpose of providing a capital reserve for the continuation of the Club premises and also for the maintenance of the sea wall
(ii) The sum to be allocated to the fund each year will be proposed by the Treasurer to each AGM.
(iii) The fund shall not be used for any other purpose except pursuant to a resolution properly put to a meeting of the Club and carried by a majority vote of at least 75%, of those present and entitled to vote.
The Bye-Laws and Regulations are published separately and are posted on the Club noticeboard